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16 Caria Monroe wants to create a fund today that will enable her to withdraw $32,200 per year for 8 years, with the first withdrawal
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Caria Monroe wants to create a fund today that will enable her to withdraw $32,200 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns 10\% interest, how much must Carla invest today? (Round foctor wilues to 5 decimal ploces, es. 1.25124 and final answer to 0 decimal ploces, es. 458,581.) Investment amount Step by Step Solution
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